Treasurer announces new income support as Victorian businesses shut up shop
With Victoria’s COVID surge threatening to derail the country’s economic recovery, the Treasurer has announced another phase of targeted income support that will help some businesses avoid the September cliff.
Treasurer Josh Frydenberg has predicted Victoria’s COVID surge to cost the economy $1 billion per week, as businesses across Melbourne are forced into a six-week lockdown after the city only just emerged from stern countrywide restrictions.
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